# Lower Electric, LLC 401(k) Plan
Source: https://planprovider.pro/companies/lower-electric-llc-401k-plan

> Lower Electric, LLC's 401(k) plan: 14 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lower Electric, LLC

- **Sponsor EIN:** 364413633

- **Sponsor Address:** 1307 SHERMER ROAD, NORTHBROOK, IL, 60062

- **Plan Type:** 401(k)

- **Total Participants:** 14

- **Total Assets:** $9.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|14|$9.0M|$19,916|$93,827|

| 2023|14|$7.5M|$114,519|$99,765|

| 2022|13|$6.3M|$122,280|$100,018|

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